Boyd Group Services (TSE:BYD) Price Target Cut to C$275.00 by Analysts at Stifel Nicolaus

Boyd Group Services (TSE:BYD - Free Report) had its price objective reduced by Stifel Nicolaus from C$280.00 to C$275.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on BYD. TD Securities cut their price target on Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. BMO Capital Markets cut their price target on Boyd Group Services from C$280.00 to C$260.00 and set an "outperform" rating for the company in a research note on Monday, July 29th. Raymond James cut their price target on Boyd Group Services from C$350.00 to C$325.00 and set a "strong-buy" rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada cut their price target on Boyd Group Services from C$306.00 to C$280.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Finally, CIBC cut their price target on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$288.17.

Boyd Group Services Stock Performance

TSE BYD traded up C$0.57 during trading on Monday, reaching C$213.50. 29,147 shares of the company's stock were exchanged, compared to its average volume of 55,657. The business has a 50 day moving average price of C$215.28 and a 200-day moving average price of C$236.27. The stock has a market capitalization of C$4.58 billion, a P/E ratio of 56.93, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75.

Boyd Group Services (TSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing analysts' consensus estimates of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Sell-side analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Boyd Group Services's payout ratio is currently 16.00%.

Insider Activity at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the company's stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by company insiders.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.